Mortgage Servicing

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Ocwen Touts Drop in Subprime Delinquencies 

Sep 04, 2008By

Subprime servicing giant Ocwen Financial Corp. [stock OCN][/stock] took the unusual step of launching a press offensive Thursday, touting a recent drop in subprime delinquencies among the loans it services. The company’s portfolio covers a significant portion of the subprime market — through its subsidiary, Ocwen Loan Servicing, LLC, the company services approximately 350,000 mortgages, about 85 percent of which are subprime.

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